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Fly News Breaks for August 4, 2017
EFII
Aug 4, 2017 | 07:39 EDT
Loop Capital analyst Ananda Baruah noted that Electronics for Imaging postponed the report of its June quarter EPS call to complete an assessment into the timing of revenue recognition, which is "not great news." However, the company said the impact to fundamentals over the aggregate periods of restatement is not material, making it "sound" like the fundamental view of the company remains intact, said Baruah, who has a Buy rating on EFI shares.
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